Senior Cost Estimation Engineer

Bilfinger; Abu Dhabi; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading engineering company in Abu Dhabi is seeking a Senior Cost Estimation Engineer to perform comprehensive cost analyses and financial evaluations across all project phases. You will prepare detailed cost estimates, conduct CAPEX and OPEX analyses, and interact with suppliers. The ideal candidate has a Bachelor's degree and experience in cost estimation, along with proficiency in economic analysis. Competitive compensation and career development opportunities are offered.

Qualifications

• Experience in cost estimation and economic analysis as outlined.
• Familiarity with ADNOC cost estimation guidelines.
• Preferably a member of a professional Cost Estimation Association.

Responsibilities

• Prepare detailed cost estimates for various project phases.
• Conduct CAPEX and OPEX analyses.
• Calculate NPV and assess project profitability.
• Request quotes from suppliers and review offers.

Skills

Cost analysis

Economic analysis (NPV, IRR)

Cost estimation techniques

Project management

Education

Bachelor's degree

Tools

Cost estimation software

Job description

Overview

In the Middle East, Bilfinger provides engineering and consultancy services, project management, construction, maintenance O&M and life cycle services. We enhance asset efficiency, ensure high availability and reduce maintenance costs. With about 4,000 employees and four entities in the Middle East, we offer job opportunities that utilize knowledge and experience.

Job Profile

Senior Cost Estimation Engineer

As a Senior Cost Estimation Engineer, you will perform comprehensive cost analyses and financial evaluations across all project phases, including feasibility study and concept and define stages. Proficiency in economic analysis (NPV, IRR, life cycle cost) is required. Familiarity with classifications of cost estimates and ADNOC cost estimation guidelines and standards is expected.

Responsibilities

Cost Estimation

• Prepare detailed cost estimates for various project phases, including feasibility, concept and define stage for all classes.
• Conduct CAPEX with a detailed breakdown cost for each task in the WBS and OPEX analyses to evaluate project costs.
• Proficient in estimating ballpark costs for major equipment across diverse disciplines, with a broad understanding of cost estimation in various project contexts.

Economic Analysis

• Calculate Net Present Value (NPV) to assess project profitability.
• Determine annual life cycle savings costs for projects.
• Evaluate investment viability through IRR (Internal Rate of Return) calculations.
• Assess GHG emissions and GHG abatement costs for sustainability considerations.

Sensitivity & Cost Risk Analysis

• Conduct sensitivity analysis to identify the impact of changes in assumptions on costs.
• Consider potential economic risks and their impact on the project.

Supplier / Vendor Interaction

• Request quotes from suppliers/vendors and review offers.
• Conduct meetings with relevant discipline engineers to gather technical information.

Procedure / Report Development

• Prepare the cost estimation plan & methodology.
• Prepare the detailed Cost estimation report as per client requirements and guidelines.
• Provide recommendations based on the economic analysis.
• Develop procedures for preparing estimates for greenfield, brownfield, onshore and offshore hydrocarbon / power / infrastructure & industrial projects.

Validation and Verification

• Examine the scope of work, PFD, plot plan, detailed drawings and project schedule to understand the project scope and essential information for accurate cost estimates.
• Validate and verify estimates using high-level norms, comparing with previous estimates, outcome costs, and vendor prices.
• Identify risks and set contingency plans for each stage cost estimate.

Quotations and Database Management

• Obtain budget quotations from material and equipment vendors and evaluate their costs.
• Develop and maintain a comprehensive cost estimation database.

Workshop

• Participate and provide options for cost reduction during value engineering sessions.
• Attend workshops with Client and support CAPEX / OPEX Estimation reviews.

Additional exposure / Market Analysis / Membership

• Monitor changes in market prices and advancements in work tools within the technical domain.
• Analyse developments to ensure an optimum level of knowledge and estimate costs for future projects.
• Preferably a member of a professional Cost Estimation Association.
• Knowledge of relevant software for engineering consultancy cost estimation.

Qualifications

• Bachelor's degree
• Experience in cost estimation and economic analysis as outlined above.
• Preferably a member of a professional Cost Estimation Association.
• Knowledge of relevant software for Engineering Consultancy Cost Estimation.

How to apply

To apply, please submit your CV in English through the system, including your contact details, education level, relevant experience and earliest possible start date.

Notes

Any applicant should be aware that selection is at the sole discretion of the employer. Applicants will not receive communication unless selected for an interview. Only applicants who respond through the online form will be considered.

Company: Tebodin Middle East Ltd. | Department: Project Management | Status: Permanent

Education: Bachelor\'s degree

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